Digicel’s credit rating slashed after debt restructuring announcement

Digicel’s credit rating slashed after debt restructuring announcement
Denis O’Brien, the telecoms tycoon and owner of Digicel Picture: Ken Lennox

Bondholders retain Washington DC legal firm to represent them ahead of deadline, Digicel has over $6 billion in borrowings with revenue and profits under pressure

The credit ratings agency Fitch has said plans by Denis O’Brien’s Digicel to extend the repayment date on some if its debt will result in higher borrowing costs for the company.

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